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Interview

Vietnam's CMC strives for IoT with Samsung's commitment

CEO of Ho Chi Minh City-listed IT company ambitious to go global within five years

A Samsung Electronics plant in Bac Ninh Province, northern Vietnam

HANOI -- A unit of South Korea's Samsung Electronics has bought a 30% stake for more than $40 million in Vietnam's second-largest IT company CMC Corp. which hopes to use most of those proceeds to focus on developing the "internet of things" and artificial intelligence technologies.

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